Posted on April 7, 2016 by iMFdirect
By Carla Grasso
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian), and Español (Spanish)
If there’s one thing all economists can agree on, it’s the importance of numbers. Without good data, it is difficult to assess how an economy is performing and formulate smart policies that help improve lives. Continue reading
Filed under: Africa, IMF, International Monetary Fund, technology | Tagged: Africa, capacity building, Cape Verde, East Africa, IMF, iMFdirect, International Monetary Fund, Mauritius, Mozambique, senegal, Seychelles, Sub-Saharan Africa, Tanzania, technical assistance | Leave a comment »
Posted on March 31, 2016 by iMFdirect
By Vitor Gaspar and Ruud De Mooij
Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), Español (Spanish)
Imagine how three-dimensional printing, driverless cars and artificial intelligence will change our future. Or think of how developments in information technology, e-commerce and the sharing economy are already changing the way we learn, work, shop, and travel. Innovation drives progress and, in economic terms, determines productivity growth. And productivity growth, in turn, determines prosperity. It impacts our lives and well-being in fundamental ways: it determines where and how long we live; it determines our quality of life. Continue reading
Filed under: Fiscal, Fiscal policy, IMF, International Monetary Fund, technology | Tagged: Australia, Belgium, Chile, entrepreneurs, Fiscal Monitor, fiscal policy, France, IMF, iMFdirect, International Monetary Fund, jobs, Keynes, Korea, Netherlands, productivity growth, R&D, Shumpeter, Spain, tax policy | Leave a comment »
Posted on March 22, 2016 by iMFdirect
By David Lipton
Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
One of the first things most students of economics learn is the diamond and water paradox. How can it be that water is free even though life cannot exist without it, while diamonds are expensive although no one dies for lack of diamonds?
The answer is that water can be free if its supply is abundant relative to demand. Nevertheless, it is abundantly clear that worldwide, the demand for water outpaces supply. This imbalance is the clearest sign that water is underpriced. Yet, many governments are reluctant to price water like other goods.
Filed under: Africa, Fiscal policy, Government, growth, IMF, International Monetary Fund, Low-income countries | Tagged: Burkina Faso, David Lipton, fiscal policy, IMF, iMFdirect, low-income countries, public investment, subsidies, water, World Water Day | Leave a comment »
Posted on March 21, 2016 by iMFdirect
By Cheng Hoon Lim
(Version in Français)
Canada’s housing market is sizzling hot and the Bank of Canada has a monetary policy dilemma: increase interest rates to cool the housing market would hurt borrowers and the economy; keep interest rates low adds fuel to the borrowing that led to the rise in housing prices and in household debt. What to do?
Filed under: Advanced Economies, banking, Financial regulation, housing, IMF, International Monetary Fund | Tagged: Bank of Canada, Canada, financial stability, GDP, house prices, household debt, housing market, IMF, iMFdirect, monetary policy, mortgages | Leave a comment »
Posted on March 17, 2016 by iMFdirect
We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a high correlation between high inequality and social and political unrest, with consequences for a country’s political and economic stability.
Filed under: Advanced Economies, Economic research, Emerging Markets, Employment, Globalization, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: Eric Maskin, Globalization, iMFdirect, inequality, job skills | Leave a comment »
Posted on February 29, 2016 by iMFdirect
When you drive over potholes on downtown streets, are forced to make large detours to cross rivers lacking bridges, and finally arrive to find no cell coverage, connections between the global infrastructure investment gap and your pension fund might not be the immediate thing that comes to mind. But it should, because:
- Huge pools of available assets: pension funds, insurance companies, mutual funds and sovereign wealth funds sit on $100 trillion in assets. To compare: U.S. nominal GDP in the third quarter of last year was $18 trillion.
- Huge infrastructure investment gap: between $1 to 1.5 trillion per year worldwide.
Filed under: Advanced Economies, Finance, IMF, International Monetary Fund, Investment | Tagged: GDP, IMF, iMFdirect, infrastructure development, insurance, mutual funds, pension funds, private investment, public-private partnerships, sovereign wealth funds | Leave a comment »